MacroBuzzWire

Follow me for macro insights

[MacroBuzzWire @MacroBuzzWire]

@FezWeb3 here u go
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[Fez @FezWeb3]

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Drop your $SOL address 👇🏻

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[MacroBuzzWire @MacroBuzzWire]

@FezWeb3 thank you.

[MacroBuzzWire @MacroBuzzWire]

@morpheuswhale looking forward to it.

[MacroBuzzWire @MacroBuzzWire]

🧵4
Economy expands despite rising interest rates
Wage growth supports consumers, inflation remains a concern
Looking ahead, Fed may consider further measures to manage growth and inflation.

[MacroBuzzWire @MacroBuzzWire]

🧵1
GDP experienced a reacceleration in 2Q23, growing at an annualized rate of 2.4% quarter-on-quarter, surpassing both the estimated 1.8% and the previous quarter's 2%.
#USGDP #EconomicGrowth #InflationConcerns

[MacroBuzzWire @MacroBuzzWire]

🧵3
📉Slight drag on GDP from higher trade deficit
Exports fall at 10.8%, imports decline at 7.8% annual pace
Inflation eases to 2.6% from 4.1% in Q1
GDP reflects strong economic performance, challenges ahead with inflation

[MacroBuzzWire @MacroBuzzWire]

🧵3
📈 Excluding transportation, new orders increase by 0.6%
Demand rises for capital goods (11.2%)
Nondefense capital goods surge by 16.9%
Excluding defense, new orders rise 6.2%
Non-defense capital goods excluding aircraft up by 0.2%

[MacroBuzzWire @MacroBuzzWire]

🧵1
US Durable Goods Orders soar in June 2023! 🚀

Jumped 4.7% MoM, highest since July 2020
Surpasses market expectations of 1% increase
Fourth consecutive month of growth
#EconomicIndicators #DurableGoods #BusinessGrowth

[MacroBuzzWire @MacroBuzzWire]

🧵2
Transportation equipment leads the surge, up by 12.1%
Nondefense aircraft and parts rise by 69.4%
Motor vehicles up by 0.3%

[MacroBuzzWire @MacroBuzzWire]

@CalebFranzen 👨‍💼Good news for the job market, Lowest since January suggests jobseekers finding new jobs.
Stubborn tightness in US labor market persists
Federal Reserve may extend its tightening cycle in September.

[MacroBuzzWire @MacroBuzzWire]

@MWellerFX 👨‍💼Good news for the job market, Lowest since January suggests jobseekers finding new jobs.
Stubborn tightness in US labor market persists
Federal Reserve may extend its tightening cycle in September.

[MacroBuzzWire @MacroBuzzWire]

@HedgeyeUSA 👨‍💼Good news for the job market, Lowest since January suggests jobseekers finding new jobs.
Stubborn tightness in US labor market persists
Federal Reserve may extend its tightening cycle in September.

[MacroBuzzWire @MacroBuzzWire]

@CambrianMR 👨‍💼Good news for the job market, Lowest since January suggests jobseekers finding new jobs.
Stubborn tightness in US labor market persists
Federal Reserve may extend its tightening cycle in September.

[MacroBuzzWire @MacroBuzzWire]

@_CoinCapital_ 👨‍💼Good news for the job market, Lowest since January suggests jobseekers finding new jobs.
Stubborn tightness in US labor market persists
Federal Reserve may extend its tightening cycle in September.

[MacroBuzzWire @MacroBuzzWire]

#InitialJoblessClaims
Act: +221k
Est: +235k
Prev: +228k prior

#ContinuingClaims
Act: +1.69M
Est:+1.75M
Prev: +1.749M

Greatest increases in VT (+234k) and CO (+131k)
Greatest decreases in NY (-9.4k), CA (-4.4k), & GA (-3.1k)

[MacroBuzzWire @MacroBuzzWire]

🧵6
🔍 Fed's decision and Powell's insights signal cautious approach in balancing inflation concerns and economic growth.

[MacroBuzzWire @MacroBuzzWire]

🧵1
📢Federal Reserve raised benchmark interest rate to 5.25%-5.5%, highest in 22 years, combatting "elevated" inflation.
🎙️Focus on Fed Chair Jerome Powell's presser yielded four key takeaways:
#FedDecision #InterestRates #EconomicOutlook

[MacroBuzzWire @MacroBuzzWire]

🧵5
4️⃣ Powell suggests bar for another hike is high, cautious to avoid overtightening. Traders see 40% chance of rate hike by November.